Computing Taxable Income with Qualified Business Income. Imari Brown arrived at the following tax information: Gross salary,

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Computing Taxable Income with Qualified Business Income.

Imari Brown arrived at the following tax information:

Gross salary, $36,145 Additional small business income, $10,000 Interest earnings, $205 Dividend income, $65 Standard deduction, $12,000 Itemized deductions, $14,250 Adjustments (subtractions) to income, $5,000 What amount would Imari report as taxable income?

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Personal Finance

ISBN: 9781260799736

13th Edition

Authors: Jack Kapoor

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